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Live Nation Entertainment (LYV) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Communication Services•Entertainment
D
WeakMetricSide Score: 35/100
ProfitabilityProfit0/30
GrowthGrowth14/25
Balance SheetBalance9/25
Cash QualityCash12/20
Price & Volume
Market Cap $43.36B

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. The company operates through Concerts, Ticketing, and Sponsorship & Advertising segments. Its Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to consumers with marketplace for tickets and event information through mobile apps, other websites, and retail outlets, as well as its websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. Its Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online advertising, and promotional programs; rich media offering, including advertising related with live streaming and music-related content; and ads through distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.

Moat Signals

Competitive analysis based on 61 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 2.4%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Strong Moat

Consistently high ROE averaging 367.8% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Weak Moat

Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Moderate Moat

Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.

Risk Signals

Data-driven red flags and warnings across 61 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 72.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Red Flag

D/E ratio is 28.1 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$25.61B
12.6%
Q. Revenue
$3.79B
TTM EBITDA
$1.42B
7.6%
TTM Op. Income
$765.93M
21.5%
Q. Op. Income
$-370.52M
TTM Net Income
$83.67M
91.3%
Q. Net Income
$-389.10M
EPS
$-1.85
Shares Out.
$232.40M
0.5%
$25.61B in TTM revenue grew 12.6% YoY, reaching $3.79B last quarter. TTM EBITDA of $1.42B and TTM operating income of $765.93M shows growth is flowing through. Net income of $83.67M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
-5.3%
Op. Margin
-9.8%
387.9%
Net Margin
-10.3%
1595.3%
Op. margin of -9.8% is down 13.2% YoY — costs are rising relative to revenue. Net margin at -10.3%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
518.3x
P/S Ratio
1.7x
P/B Ratio
N/A
At 518.3x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 1.7x and P/B of 0.0x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$26.07B
Cash
$9.08B
Long-Term Debt
$6.71B
Book Value
$-139.40M
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$2.34B
Free Cash Flow
$2.03B
76.4%
FCF Margin
7.9%
FCF / Net Income
-5.2
FCF of $2.03B on $2.34B in operating cash flow. The FCF / Net Income ratio of 24.3x means earnings are well backed by actual cash — high-quality earnings.

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